Home› Precious Metals
Options

Bullion vs other. Sales tax seems to give a strong advantage to Bullion.

lcoopielcoopie Posts: 8,875 ✭✭✭✭✭
edited July 4, 2024 6:38AM in Precious Metals

In Florida it’s 6% , so I’m drawn more towards bullion which is not taxed.

LCoopie = Les

Comments

  • Options
    derrybderryb Posts: 38,583 ✭✭✭✭✭

    rather than?

    Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat

  • Options
    TwoSides2aCoinTwoSides2aCoin Posts: 45,074 ✭✭✭✭✭

    Coins , currency and bullion items are not taxed in Nebraska. Not to worry, we make it up on the property tax.

    ``https://ebay.us/m/KxolR5

  • Options
    derrybderryb Posts: 38,583 ✭✭✭✭✭

    Florida tax exempt rules for Coins, Currency, or Bullion

    Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat

  • Options
    blitzdudeblitzdude Posts: 7,646 ✭✭✭✭✭

    No taxes on coins/bullion in The Commonwealth. God bless The Commonwealth. THKS!

    The whole worlds off its rocker, buy Gold™.
    BOOMIN!™
    Wooooha! Did someone just say it's officially "TACO™" Tuesday????
    Retiring at 55, what day is today? :sunglasses:

  • Options
    lcoopielcoopie Posts: 8,875 ✭✭✭✭✭

    @derryb said:
    rather than?

    Sorry….l.
    Rounds and bars, other forms of precious metals than bullion.

    LCoopie = Les
  • Options
    derrybderryb Posts: 38,583 ✭✭✭✭✭

    @lcoopie said:

    @derryb said:
    rather than?

    Sorry….l.
    Rounds and bars, other forms of precious metals than bullion.

    From my above link:

    "Sales of gold, silver, and platinum bullion are exempt if the
    sales price exceeds $500 in a single transaction. A single
    transaction could include a combination of gold, silver, or
    platinum bullion."

    PM rounds and bars are bullion.

    Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat

  • Options
    lcoopielcoopie Posts: 8,875 ✭✭✭✭✭

    @derryb said:

    @lcoopie said:

    @derryb said:
    rather than?

    Sorry….l.
    Rounds and bars, other forms of precious metals than bullion.

    From my above link:

    "Sales of gold, silver, and platinum bullion are exempt if the
    sales price exceeds $500 in a single transaction. A single
    transaction could include a combination of gold, silver, or
    platinum bullion."

    PM rounds and bars are bullion.

    Thanks

    LCoopie = Les
  • Options
    PerryHallPerryHall Posts: 47,558 ✭✭✭✭✭

    @blitzdude said:
    No taxes on coins/bullion in The Commonwealth. God bless The Commonwealth. THKS!

    Where do you live? There are four states and two US territories that are commonwealths.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • Options
    ashelandasheland Posts: 24,489 ✭✭✭✭✭

    North Carolina is exempt on Coins, Currency and Bullion. That wasn’t always the case. I think they made it exempt around the year 2017?

    My YouTube Channel

  • Options
    derrybderryb Posts: 38,583 ✭✭✭✭✭

    would welcome an exemption on dollars.

    Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat

  • Options
    SoldiSoldi Posts: 2,177 ✭✭✭✭✭

    @asheland said:
    North Carolina is exempt on Coins, Currency and Bullion. That wasn’t always the case. I think they made it exempt around the year 2017?

    Likewise South Carolina

Sign In or Register to comment.